Chapter 24
Incorporation of America 
farming to industry 
railroad fueled the growing economy 
first big business 
railroads claimed they had more benifets- sold stocks for more than they were worth
William Vanderbilt- didnt care about the public
Railroad made people richer 
the death of the railroads- 1918
pool- companies joining together


1865-1900
reconstruction through 1900
crruotion of the railroads
bribed officials
The Wabash Case- only the federal gov. could regulate the interstate commerce
created 40% of the billionaires in 1900
0% of the billionaires were created by railroads in 1918
Trust- allying with competetitors to monopolize a given market
J. Pierpont Morgan- bought Carnegie's  steel business
Kerosene replaced whale oil
came back when automobiles took off
Regulating the Trusts
    1886- Wabash Case
    1890- 
    
Social Darwinism- adaptation that occurs in society
New Business Culture- market was man-made or invented
patents kept growing throughout the years
Edison- invented the light bulb, the phonograph( played a recorded sound), Dictaphone, Motion Picture Cameraq
